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Bond’s Current Market Price Assignment | Homework For You

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May 22nd, 2020

Madsen Motors’s bonds have 14 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 6%, and the yield to maturity is 7%. What is the bond’s current market price? Round your answer to the nearest cent. Get Finance homework help todayHomework For You

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